Matt Morrison Property Group says ..

Property Oracle says ..

The property is a 1-bedroom, 1-bathroom flat located in Lanark, South Lanarkshire. The location benefits from its proximity to Lanark train station (0.06KM), offering convenient access to public transport. While nearby schools are not listed, the presence of the train station suggests potential commuting options for families. The average price for properties on Bannatyne Street is £79,000, significantly lower than the area average of £256,412. However, the average number of bedrooms on Bannatyne Street is 3, considerably higher than the subject property’s single bedroom.

The property appears to be in good condition based on the provided images. The kitchen and bathroom show recent renovations or upgrades, suggesting a modern and well-maintained interior. The living area and bedroom also appear clean and in good order. There is no evidence of significant repairs or renovations needed.

The property’s plot size is not specified, and there is no mention of a garden. The images of the rear of the property show a small paved area, which is not a garden.

Considering the property’s condition, location, and lack of outdoor space, the list price of £62,500 appears reasonable compared to the average price of similar properties on Bannatyne Street. However, it is significantly lower than the overall area average. This discrepancy may be attributed to the smaller size and lack of a garden compared to other properties in the area. The lower average price per sqft in the area (£243) also supports the relative affordability of the list price.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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